Taxes Consolidation Act 1997 section 618

Transfers of trading stock within group

Section 618 sets out the tax treatment of transfers of trading stock within a group of companies, dealing with situations where a non-trading stock asset is acquired as trading stock by another group member, and conversely where a trading stock asset is transferred to another group member as a non-trading stock asset.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.